Taiwan expected to see pick-up in HK asset migration

The worsening political tensions in Hong Kong and China’s encroachment on Hong Kong freedoms could hasten the departure of both individual residents and their capital to other destinations. Singapore is seen as a natural beneficiary, but some senior financial executives argue that some individuals may favour shifting themselves and their assets to Taiwan. As the political crisis between the Hong Kong government and a large number of disaffected citizens rolls on, cautious investor…